Key Points:
- Sonic S token will be launched in January 2025, replacing FTM on a 1:1 basis and debuting on 13 major exchanges.
- Developed by Sonic Labs, Sonic is an SVM and EVM-compatible blockchain designed for games and decentralized applications.
- While Sonic transitions to S, Fantom will remain active with over $168 million in total value locked.
Sonic represents a modern blockchain for gaming and decentralized applications that intends to launch its native token, S, in January 2025.
Sonic Gateway Is Now Live to Support Cross-chain Transfer
Sonic S Token Gets Ready for Listing on Major Exchanges
The Sonic S token will replace the FTM token from Fantom on a 1:1 basis and launch on the 13 biggest exchanges, like Binance and Bybit, which could support automatic token upgrades through integrating with the Sonic network.
Sonic is a blockchain compatible with both the Solana Virtual Machine and Ethereum Virtual Machine. Its mainnet, developed by Sonic Labs and co-founded by Andre Cronje, went live on December 13, 2024.
The blockchain promises high-performance infrastructure, with the ability to process 10,000 transactions per second and block finality in less than one second.
Fantom Network Still Online as Sonic Transition Takes Center Stage
The Sonic S token will power the Sonic ecosystem, which already shares a supply of 3.175 billion tokens with Fantom. In this new network, Sonic Labs has reserved 190.5 million tokens to incentivize participation and adoption in the ecosystem.
Despite the shift, Fantom will not shut down but will continue to work. Currently, according to DefiLlama, the network’s TVL stands above $168 million.
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